Inditex stock tracks 7.6 percent half year sales growth

Published on 09/28/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Inditex stock was last at EUR 53.44 on September 28, 2026, 10.06 percent below its yearly high. Jefferies kept a EUR 67.00 target after the results.

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Inditex stock (ISIN ES0148396007) was last at EUR 53.44 on BME Madrid at 1:00 p.m. CEST on September 28, 2026, up 0.34 percent from the prior close of EUR 53.26. The move follows first-half results that combined 7.6 percent sales growth with a closer watch on operating costs.

Sales rise to EUR 19.8 billion

According to Inditex on September 9, 2026, first-half sales increased 7.6 percent to EUR 19.8 billion. Sales at constant exchange rates rose 9.2 percent, giving the retailer a stronger underlying comparison than the reported figure.

The same report showed gross margin at 58.7 percent, 40 basis points above the first half of 2025. Net income rose 6.8 percent to EUR 3.0 billion, while funds from operations increased 11 percent to EUR 4.1 billion.

Operating profit trails expectations

Operating performance was more mixed beneath the sales headline. EBIT increased 7.6 percent to EUR 3.8 billion in 1H2026, but MarketScreener reported that the result was below expectations above EUR 3.9 billion on September 9, 2026.

Operating expenses rose 8.3 percent, exceeding sales growth by 0.7 percentage points. That cost gap is the key counterweight to the 9.2 percent constant-currency sales increase and helps explain why analysts retained positive ratings while monitoring margins.

Analysts keep targets above EUR 60

Finanzen.net reported on September 9, 2026, that Jefferies kept its Buy rating and EUR 67.00 price target after the results. The target is EUR 13.56 above the September 28 price, or 25.39 percent higher.

RBC Capital Markets also retained an Outperform rating and a EUR 63.00 target after the results, according to Finanzen.at on September 9, 2026. That target is EUR 9.56 above the current price, equivalent to 17.90 percent.

Stock remains below yearly high

Inditex traded between EUR 53.24 and EUR 53.92 during the September 28 session. Its EUR 53.44 price was 10.06 percent below the 52-week high of EUR 59.42 and 17.94 percent above the low of EUR 45.31.

Market capitalization stood at EUR 166.5 billion, with volume at 230,367 shares. The investor agenda lists the interim nine-month update for December 2, 2026, while the FY2025 final dividend of EUR 0.875 per share is scheduled for payment on November 2, 2026.